Bond National Agricultural Credit Banks 0.32% ( US3133EL3E28 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US3133EL3E28 ( in USD )
Interest rate	0.32% per year ( payment 2 times a year)
Maturity	10/08/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	570 000 000 USD
Cusip	3133EL3E2
Detailed description	The Federal Farm Credit Banks are a government-sponsored enterprise system providing credit and other financial services to farmers, ranchers, and agricultural cooperatives. A fixed-income instrument, specifically a bond identified by ISIN US3133EL3E28 and CUSIP 3133EL3E2, was issued by the Federal Farm Credit Banks, a critical component of the U.S. financial landscape. The Federal Farm Credit Banks constitute a nationwide system of borrower-owned financial institutions and service organizations chartered by the United States Congress to provide a reliable and consistent source of credit to farmers, ranchers, agricultural cooperatives, and rural utilities across the country. As a government-sponsored enterprise (GSE), the debt securities issued by the Federal Farm Credit Banks are generally perceived to carry a high credit quality, reflecting their essential role in the U.S. agricultural economy, although they are not explicitly backed by the full faith and credit of the U.S. government. This particular U.S.-issued bond, denominated in United States Dollars (USD), was part of a total issuance valued at $570,000,000, with a minimum purchase size set at $1,000. It featured an interest rate of 0.32% and was designed for semi-annual payments. The bond reached its scheduled maturity date on August 10, 2023, and its market price stood at 100% at that time, confirming that the obligation was fully repaid to investors upon its expiration.